ONEOK, Inc. $OKE Shares Sold by Atria Wealth Solutions Inc.

Key Points

• Atria Wealth Solutions Inc. has significantly reduced its holdings in ONEOK, Inc. by 78.6% during the second quarter, leaving the fund with 13,967 shares valued at approximately $1.14 million.
• ONEOK recently reported a quarterly earnings per share (EPS) of $1.34, exceeding estimates, with total revenue of $8.21 billion for the quarter.
• The company is set to pay a quarterly dividend of $1.03 on November 14th, representing a 6.1% yield based on an annualized dividend of $4.12.

Atria Wealth Solutions Inc. decreased its position in ONEOK, Inc. (NYSE:OKE - Free Report) by 78.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,967 shares of the utilities provider's stock after selling 51,262 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in ONEOK were worth $1,140,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Dark Forest Capital Management LP grew its holdings in ONEOK by 409.5% in the 1st quarter. Dark Forest Capital Management LP now owns 40,372 shares of the utilities provider's stock valued at $4,006,000 after buying an additional 32,448 shares during the period. Kentucky Retirement Systems Insurance Trust Fund lifted its position in ONEOK by 146.9% during the 1st quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 18,033 shares of the utilities provider's stock worth $1,789,000 after acquiring an additional 10,728 shares in the last quarter. Advisor Resource Council acquired a new position in ONEOK during the 1st quarter worth approximately $511,000. Andrew Hill Investment Advisors Inc. acquired a new position in shares of ONEOK in the 2nd quarter valued at approximately $3,671,000. Finally, Banco Santander S.A. raised its position in shares of ONEOK by 22.2% in the 1st quarter. Banco Santander S.A. now owns 26,824 shares of the utilities provider's stock valued at $2,661,000 after purchasing an additional 4,880 shares in the last quarter. Institutional investors and hedge funds own 69.13% of the company's stock.

ONEOK Stock Up 1.3%

Shares of ONEOK stock opened at $68.08 on Friday. The stock has a 50-day moving average price of $72.92 and a 200 day moving average price of $79.03. The company has a market cap of $42.88 billion, a P/E ratio of 13.27, a P/E/G ratio of 1.64 and a beta of 1.01. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 1.35. ONEOK, Inc. has a 1 year low of $66.56 and a 1 year high of $118.07.

ONEOK (NYSE:OKE - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The utilities provider reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.01. ONEOK had a return on equity of 14.90% and a net margin of 11.06%.The firm had revenue of $8.21 billion during the quarter, compared to the consensus estimate of $7.20 billion. During the same period in the prior year, the business earned $1.33 EPS. ONEOK has set its FY 2025 guidance at 5.370-5.370 EPS. As a group, analysts expect that ONEOK, Inc. will post 5.07 EPS for the current fiscal year.

ONEOK Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Monday, November 3rd will be given a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 6.1%. The ex-dividend date of this dividend is Monday, November 3rd. ONEOK's dividend payout ratio is presently 80.31%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Raymond James Financial reaffirmed an "outperform" rating on shares of ONEOK in a research report on Friday, August 1st. Barclays lowered their price objective on ONEOK from $83.00 to $78.00 and set an "equal weight" rating for the company in a research note on Thursday, October 9th. JPMorgan Chase & Co. increased their price target on ONEOK from $94.00 to $97.00 and gave the stock an "overweight" rating in a research note on Thursday, July 3rd. Mizuho decreased their price target on ONEOK from $87.00 to $82.00 and set a "neutral" rating for the company in a research note on Friday, August 29th. Finally, Royal Bank Of Canada decreased their price target on ONEOK from $94.00 to $88.00 and set a "sector perform" rating for the company in a research note on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, ONEOK presently has a consensus rating of "Moderate Buy" and an average target price of $98.27.

ONEOK Profile

ONEOK, Inc engages in gathering, processing, fractionation, storage, transportation, and marketing of natural gas and natural gas liquids (NGL) in the United States. It operates through four segments: Natural Gas Gathering and Processing, Natural Gas Liquids, Natural Gas Pipelines, and Refined Products and Crude.

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